Insurance is a term used to refer to the actions, systems, or business where financial protection (or compensation financially) to life, property, health and so forth get reimbursement of events that can not be predicted to occur as death, loss, damage or illness, which involves the payment of premiums on a regular basis within a specified period in exchange for a policy that ensures protection of the
Advantage insurers
Insurance companies also earn investment profits. It is obtained from investing premiums received until they have to pay the claim. This money is called "float"
Penanggung bisa mendapatkan keuntungan atau kerugian dari harga perubahan float dan juga suku bunga atau deviden di float. Di Amerika Serikat, kehilangan properti dan kematian yang tercatat oleh perusahaan asuransi adalah US$142,3 miliar dalam waktu lima tahun yang berakhir pada 2003. Tetapi keuntungan total di periode yang sama adalah US$68,4 miliar, sebagai hasil dari float
In the insurance world there are six basic principles that must be met, namely:
insurable interest
The right to insure arising from a financial relationship between the insured with the insured and legally.
Utmost good faith
An action to disclose accurately and completely, all facts material (material fact) about something that would be insured whether requested or not. What it means is: the insurer must honestly explain everything clearly about the extent of the terms / conditions of insurance and the insured must also provide a clear and correct for objects or interests of the insured.
proximate cause
The active, efficient causing chain of events that lead to a result without any intervention of the start and working actively from a new and independent source.
Indemnity
A mechanism in which the insurer provides financial compensation to put the insured in a financial position that he had prior to the loss (Commercial code article 252, 253 and confirmed in article 278).
Subrogation
The transfer of the right to demand from the insured to the insurer after a claim has been paid.
Contribution
Rights to invite the other person equally bear, but it does not have the same obligations to the insured to help provide indemnity.
